Pai Lung buys Vanguard Supreme

TAIPEI ? A group of Taiwan circular knitting machine builders led by
Pai Lung has bought US-based Vanguard Supreme Knitting Machine Company for an
undisclosed sum.

Vanguard Supreme is formerly a division of North
Carolina-based Monarch Knitting Machinery Corporation and specialises in
body-size and smaller diameter circular knitting machines for the underwear fabric sector.
It is especially noted for its high-speed rib technology which is considered by
many to be the best on the market.

A new company has now been formed under the name Vanguard
Pai Lung, LLC which will continue to produce and supply Vanguard Supreme?s high
speed circular knitting machines, as well as to offer Pai Lung?s fashion and
home textile circular knitting machines.

The two companies have been competing aggressively in the US
market for some years especially in terms of producing machines with higher speed factors and larger fabric roll diameters.

Pai Lung says that this acquisition will now allow Vanguard
Supreme and Pai Lung to effectively integrate R&D, production, sales and
marketing resources and service.